Question

How would you compare a managerial and finance accountant?

Answer 1

Financial accounting is concerned with the accounting of information provided by the management as to prepare financial statements.
These financial statements are prepared by finance accountants.
Financial accounting is aimed for the presentation of financial statements and are provided to the stakeholders such as investors, creditors, shareholders etc.

Using financial accounting the information of cost and finance are brought together.
Finance accountants are responsible for the accounting of finance which is concerned with the external users.

Managerial accounting on the other hand is concerned with a accounting of internal management and business transactions.

All the internal management is a accounted by the managerial accountants.

Managerial accountants provides management strategies and work for the implementation of such strategies.